Brookwood Investment Group LLC Acquires New Holdings in Arch Capital Group Ltd. $ACGL

Brookwood Investment Group LLC bought a new stake in Arch Capital Group Ltd. (NASDAQ:ACGL) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,767 shares of the insurance provider’s stock, valued at approximately $523,000.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Arch Capital Group by 3,450.0% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 426 shares of the insurance provider’s stock worth $39,000 after buying an additional 414 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Arch Capital Group by 31.4% in the second quarter. TD Waterhouse Canada Inc. now owns 469 shares of the insurance provider’s stock valued at $43,000 after acquiring an additional 112 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Arch Capital Group by 157.9% in the first quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock worth $65,000 after purchasing an additional 412 shares during the last quarter. Neo Ivy Capital Management purchased a new position in Arch Capital Group in the second quarter worth $73,000. Finally, CYBER HORNET ETFs LLC acquired a new position in shares of Arch Capital Group during the second quarter worth $87,000. 89.07% of the stock is owned by hedge funds and other institutional investors.

Arch Capital Group Stock Performance

Shares of NASDAQ ACGL opened at $93.86 on Friday. The company has a 50 day simple moving average of $92.33 and a two-hundred day simple moving average of $90.68. The stock has a market cap of $34.04 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 2.12 and a beta of 0.45. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.13. Arch Capital Group Ltd. has a 12 month low of $82.44 and a 12 month high of $97.60.

Arch Capital Group (NASDAQ:ACGL) last issued its earnings results on Monday, October 27th. The insurance provider reported $2.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $1.01. The firm had revenue of $5.11 billion during the quarter, compared to analysts’ expectations of $4.39 billion. Arch Capital Group had a net margin of 20.96% and a return on equity of 16.38%. During the same quarter last year, the company posted $1.99 earnings per share. As a group, analysts predict that Arch Capital Group Ltd. will post 8.42 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ACGL. Weiss Ratings restated a “hold (c+)” rating on shares of Arch Capital Group in a research note on Wednesday, October 8th. Royal Bank Of Canada set a $108.00 price target on Arch Capital Group and gave the stock an “outperform” rating in a research note on Monday, November 24th. Cantor Fitzgerald reissued a “neutral” rating and set a $98.00 target price on shares of Arch Capital Group in a research report on Tuesday, October 28th. The Goldman Sachs Group set a $88.00 price target on shares of Arch Capital Group and gave the company a “sell” rating in a research note on Tuesday, October 14th. Finally, Morgan Stanley lifted their price objective on shares of Arch Capital Group from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, November 17th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.00.

Insider Transactions at Arch Capital Group

In other news, insider John M. Pasquesi sold 203,866 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $93.90, for a total value of $19,143,017.40. Following the completion of the transaction, the insider owned 351,356 shares of the company’s stock, valued at $32,992,328.40. The trade was a 36.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Francois Morin sold 8,000 shares of the company’s stock in a transaction dated Friday, November 28th. The stock was sold at an average price of $94.62, for a total value of $756,960.00. Following the completion of the sale, the chief financial officer owned 266,681 shares in the company, valued at $25,233,356.22. The trade was a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 220,666 shares of company stock valued at $20,728,673 in the last quarter. Company insiders own 4.20% of the company’s stock.

Arch Capital Group Company Profile

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.